This Tuesday (14), the markets try to recover after the strong drops of the previous day. On Monday (13), the S&P fell nearly 4%, marking a 21.83% drop since the peak reached in January and entering into bear market. Of the 17 times the US market went into a bear market, 9 times it was followed by a recession.
In addition to stocks, cryptocurrencies also showed a strong decline at the beginning of the week, especially Bitcoin, which fell about 15% on Monday. At around 18:00, the main cryptocurrency in the world fell 15.07%, quoted at US$ 23,234, the lowest value since December 2020 and far from the November 2021 maximum of US$ 67,000.
Finally, another highlight is the approval of the ICMS ceiling on fuel of 17% by the Federal Senate. There were 65 votes in favor of the basic text, against 12 votes against and zero abstentions. The text now returns to the Chamber of Deputies.
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Source: CNN Brasil
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
